UAE: Orient Insurance announces increased revenue and earnings for 1Q

Published on May 1, 2025
Orient Insurance, the UAE market leader in terms of insurance revenue and profits, has announced a net profit after tax of AED312.6m ($85.1m) for the first three months of this year, 4.1% higher
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Everest CEO expects mid-year reinsurance renewals to be ‘quite attractive’

May 1, 2025
Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn’t see property catastrophe reinsurance rates decreasing to a level that makes it a less appealing business for the firm.Speaking during Everest’s First Quarter 2025 earnings call, Williamson said he wouldn’t be surprised if the company takes the

Egypt: Insurers' pre-tax profits jumped by 84% to over US$500m in FY2024

May 1, 2025
Insurance companies operating in the Egyptian market posted combined pre-tax profits of EGP25.9bn ($513.3m) for the financial year ended 30 June 2024 (FY2024), compared to EGP14.06bn for the previous